VIRGINIA TECH’S INNOVATION CAMPUS ate program, according to U.S. News & World Report ’s 2019 rankings. The vision for the Alexandria Innovation Campus is to “offer leading programs in computer science and software engineering. It is expected to be a global center of technology excellence and talent production, supporting graduate education, attracting top-tier faculty, sparking research and partnerships, and igniting the region’s innovation economy.” 3 The program is part of Virginia’s “promise to Amazon that it would double the num-ber of graduates with degrees in computer science and related fi elds, ensuring the tech giant will have a steady pipeline of talent for the 25,000-plus jobs it plans to bring to the area.” 4 Virginia is also investing $375 million for new master’s programs at George Mason University’s Arlington campus. In 2019, we can expect to see the fi rst 100 master’s degree students enroll at Virginia Tech’s Alexandria campus and 50 tenure-line and research faculty will join initially. Within fi ve years, the campus will host about 500 master’s students and eventually enroll 750 master’s candidates, in addition to doctoral students and postdoctoral fellows. Some of the largest IP law fi rms in the U.S. are located just minutes from the Innovation Campus and are prepared to assist with these developments. The new gradu-ate school, which will focus on academics, research, and industry, will create an entire-ly new industrial eco-system in the area. It will provide a new talent pool of top-notch graduates who may want to enter the patent profession; business development opportuni-ties for protecting the innovations emanating from this high-tech hub; and increased value in local real-estate assets. In fact, leasing rates are already increasing. Of the countless ben-efi ts Virginia Tech’s Innovation Campus will bring to the greater Alexandria area, the one the intellectual property community is most excited about is the potential infl ux of new patent work for protecting inventions gener-ated from this high-tech, industrial hub. The Campus should energize the local start-up culture and create a spawn of spin-off start-up companies that will require robust IP protection for their inventions. Since the institution is focused on research and development, it’s also very likely that www.vsb.org the Campus itself will need to secure patent rights. The Campus’ mix of research, business, and industry partners will create an entirely new patent ecosystem. According to the Association of University Technology Managers, academic research fuels impressive economic gains. For example, in 2017, a record 1,080 start-ups were formed, and a record 7,459 US patents issued as research institutions invest and protect their IP from academic research. 5 Combining such innovative energy with in-dustry engines creates jobs, economic growth, and innovative new products and services. Such collaborations between academia and industry have repeatedly happened around the country and the world. Understanding the advantages, companies have placed R&D centers near major research universities for decades. Most famously, Silicon Valley, with its proximity to Stanford and University of California, Berkeley, has long been a prime model for an innovation ecosystem. Another example is the large medical-technology clusters in Minneapolis, with the University of Minnesota and its dedicated Medical Devices Center for research. Greater Boston, home to several world-class institutions of higher education, has attracted many health care companies and other industries. These various centers have grown to become patent generators. As reported in the Harvard Business Review by Kenneth Lutchen, the dean of Boston University’s College of Engineering, one key to success in the collaborations be-tween companies and universities is a fl exible Innovation Campus continued on page 53 Philippe Signore , Ph.D., is the managing partner of Oblon, one of the largest law fi rms in the United States focused exclusively on intellectual property law. For more than 50 years, Oblon has provided a full range of intellectual property services from IP transactions and litigation to trademark and design for industries, such as chemicals, electronics and software, heavy industry, consumer products, life sciences, and energy and renewables. Signore can be reached at psignore@oblon. com or (703) 412-6389. INTELLECTUAL PROPERTY LAW | Vol. 67 | April 2019 | VIRGINIA LAWYER 25